Kuwait National Petroleum Company (KNPC) has selected Honeywell to provide the Integrated Control and Safety System (ICSS) for its upcoming 615,000 barrel-a-day Al Zour refinery complex.
Honeywell will also provide Kuwait’s
Equity markets still present attractive value going forward despite the first half of 2011 seeing revolts in Northern African countries, a devastating earthquake and tsunami in Japan and sovereign debt worries in peripheral Europe.
Kuwait may relaunch plans for its fourth oil refinery after scrapping a tender to build it earlier this year following parliamentary opposition, a deputy prime minister was quoted as saying.
In March, Kuwait scrapped the tender for the $15
Kuwait's oil minister has rejected charges by some politicians about legal violations in contracts awarded for a $15 billion oil refinery project.
He said the courts had ruled that they were baseless.
"The judiciary had concluded .
Kuwait National Petroleum Co (KNPC) plans to invite bids by September for contracts worth a total of $3 billion for its new refinery, a report said.
The tender for the 615,000 barrel per day Al-Zour oil refinery will be open to local contr
Kuwait expects to sign the final contracts to build its Al Zour refinery within two months after awarding deals worth $8.4 billion, an oil official said.
"Contracts will be signed within two months," state refiner Kuwait National Petroleum
Kuwait said the budget for building its Al-Zour refinery complex remained unchanged at 4 billion dinars ($15 billion), after awarding $8.4 billion of contracts to four South Korean firms and one Japanese.
'There are other expenses such as
KNPC said around 30 companies had submitted preliminary bids for Kuwait's planned 615,000 bpd Al Zour refinery, the Middle East's biggest refinery project.
Among applicants were many large international firms, a spokesman for Kuwait Nation